Seven of 28 banks deemed ‘outstanding’ for CRA in OCC evaluations

Seven banks whose latest Community Reinvestment Act (CRA) were made public in January received ratings of “outstanding,” and the remaining 21 were rated “satisfactory,” according to a release Wednesday by the Office of the Comptroller of the Currency (OCC).

Four ratings are possible in the CRA evaluations: outstanding, satisfactory, needs to improve, and substantial noncompliance. None from the group of 28 noted Wednesday received either of the two lowest ratings.

The seven banks rated outstanding include:

  • BankChampaign, National Association, Champaign, Ill.
  • Landmark National Bank, Manhattan, Kan.
  • First National Bank of Omaha, Omaha, Neb.
  • DSRM National Bank, Albuquerque, N.M.
  • Home Federal Bank of Tennessee, Knoxville, Tenn.
  • HSBC Bank USA, N.A., Tysons, Va.
  • The First National Bank and Trust Company, an intermediate small bank in Beloit, Wis.

OCC Releases CRA Evaluations for 28 National Banks and Federal Savings Associations